Orient-Express Hotels investors buy 2.25 million shares

By Lisa Kerner

Charlotte, N.C., May 1 - Indian Hotels Co. Ltd. and Samsara Properties Ltd. agreed on April 29 to purchase 2.25 million shares of Orient-Express Hotels Ltd. on May 4 for $5.75 each, or a total of $12.94 million, according to a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

With the purchase, the investors beneficially own 7,130,764 shares, or 9.7%, of the Hamilton, Bermuda-based luxury hotel and restaurant operator's outstanding stock.

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